Fri, Aug 11, 2017
The Survey, however, cautioned that farm loan waivers, non-cereal food inflation continue to reign anxiety on the Indian economy. It said that these concerns are weighing heavy on the economy and keeping it away from its potential. It said, "Farm loan waivers could reduce aggregate demand by as much as 0.7% of GDP, imparting a significant deflationary shock to an economy."
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The economic survey is presented by the Chief Economic Adviser, in this case, Arvind Subramanian.
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